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Tony Elumelu -The Most Generous Philanthropists In Africa In 2012

Tony O. Elumelu is a Nigerian economist, banker, investor and philanthropist. Elumelu is Chairman of Heirs Holdings, an African proprietary investment firm. He is also the founder of the Tony Elumelu Foundation, an Africa-based and African-funded not-for-profit organisation (NPO) that is dedicated to the promotion and celebration of excellence in business leadership and entrepreneurship across Africa. Elumelu holds the Nigerian national honour, the Commander of the Order of Nigeria (CON). New African magazine recently listed him as one of the 100 most influential people in Africa. The revered Nigerian banker and former CEO of the United Bank of Africa was one of the largest donors to the Nigerian government’s relief efforts for the rehabilitation of victims of a series of flood disasters across the country. Elumelu donated N1 billion ($6.3 million) through his Tony Elumelu Foundation whose primary mandate is to enhance the competitiveness and growth of Africa’s private sector by grooming young African entrepreneurs.